Production risks, risk preference and contract farming: Impact on food security in India
This article reviews the literature on contract farming (CF) in India and assesses the impact of smallholders’ perceived production risks on the adoption of CF; the impact of CF on smallholders’ food security; and its impact on employment generation in their farming enterprises. We also show the imp...
| Autores principales: | , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Oxford University Press
2018
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| Acceso en línea: | https://hdl.handle.net/10568/145609 |
| _version_ | 1855530117490540544 |
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| author | Mishra, Ashok K. Kumar, Anjani Joshi, Pramod Kumar D'Souza, Alwin |
| author_browse | D'Souza, Alwin Joshi, Pramod Kumar Kumar, Anjani Mishra, Ashok K. |
| author_facet | Mishra, Ashok K. Kumar, Anjani Joshi, Pramod Kumar D'Souza, Alwin |
| author_sort | Mishra, Ashok K. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This article reviews the literature on contract farming (CF) in India and assesses the impact of smallholders’ perceived production risks on the adoption of CF; the impact of CF on smallholders’ food security; and its impact on employment generation in their farming enterprises. We also show the impact of the outcome variables by risk preference of smallholders. Using farm‐level data and endogenous switching regression methods, this study presents three key findings. First, the perception of weather and pest risk, access to irrigation facilities, extension visits, and access to institutional credit are the main drivers of CF adoption. Second, CF adoption increases food security and varies with the revealed risk preference of smallholders, and risk‐seeking smallholders tend to gain higher food security. Third, regardless of revealed risk preferences, smallholders who did not adopt CF benefit from adoption by reducing their labor requirements, with no significant losses in yield. |
| format | Journal Article |
| id | CGSpace145609 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | Oxford University Press |
| publisherStr | Oxford University Press |
| record_format | dspace |
| spelling | CGSpace1456092024-10-25T07:59:11Z Production risks, risk preference and contract farming: Impact on food security in India Mishra, Ashok K. Kumar, Anjani Joshi, Pramod Kumar D'Souza, Alwin agricultural sector capacity development dietary transition crop production smallholders food security contract farming risk diversification This article reviews the literature on contract farming (CF) in India and assesses the impact of smallholders’ perceived production risks on the adoption of CF; the impact of CF on smallholders’ food security; and its impact on employment generation in their farming enterprises. We also show the impact of the outcome variables by risk preference of smallholders. Using farm‐level data and endogenous switching regression methods, this study presents three key findings. First, the perception of weather and pest risk, access to irrigation facilities, extension visits, and access to institutional credit are the main drivers of CF adoption. Second, CF adoption increases food security and varies with the revealed risk preference of smallholders, and risk‐seeking smallholders tend to gain higher food security. Third, regardless of revealed risk preferences, smallholders who did not adopt CF benefit from adoption by reducing their labor requirements, with no significant losses in yield. 2018-09-26 2024-06-21T09:04:44Z 2024-06-21T09:04:44Z Journal Article https://hdl.handle.net/10568/145609 en Limited Access Oxford University Press Mishra, Ashok K.; Kumar, Anjani; Joshi, Pramod Kumar; and D'Souza, Alwin. 2018. Production risks, risk preference and contract farming: Impact on food security in India. Applied Economic Perspectives and Policy 40(3): 353–378. https://doi.org/10.1093/aepp/ppy017 |
| spellingShingle | agricultural sector capacity development dietary transition crop production smallholders food security contract farming risk diversification Mishra, Ashok K. Kumar, Anjani Joshi, Pramod Kumar D'Souza, Alwin Production risks, risk preference and contract farming: Impact on food security in India |
| title | Production risks, risk preference and contract farming: Impact on food security in India |
| title_full | Production risks, risk preference and contract farming: Impact on food security in India |
| title_fullStr | Production risks, risk preference and contract farming: Impact on food security in India |
| title_full_unstemmed | Production risks, risk preference and contract farming: Impact on food security in India |
| title_short | Production risks, risk preference and contract farming: Impact on food security in India |
| title_sort | production risks risk preference and contract farming impact on food security in india |
| topic | agricultural sector capacity development dietary transition crop production smallholders food security contract farming risk diversification |
| url | https://hdl.handle.net/10568/145609 |
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